ACFE Insights Blog

Fraud Talk Crossed Wires Unraveling the Relationship Between Cybersecurity and Fraud

At the 33rd Annual ACFE Global Fraud Conference, Roderick Chambers speaks with ACFE Research Manager Mason Wilder, CFE, to discuss the importance of technical controls and knowledge to protect your organization from fraud.

By Rihonna Scoggins August 2022 Duration: 2-minute read
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The intersection of cyber security and fraud examination is ever-expanding in our new technological landscape. At the 33rd Annual ACFE Global Fraud Conference, ACFE Research Manager Mason Wilder, CFE, and Deputy Superintendent and Director of the Intelligence Unit at the New York Department of Financial Services (NYDFS), Roderick Chambers sat down to discuss the importance of technical controls and knowledge to protect your organization from fraud.

In the excerpt below from episode 122, Roderick speaks with Mason about how you can learn from cyber security experts. Download the full transcript in PDF form or listen to the episode at the bottom of this post.

Mason: Can you talk a little bit about what are the best ways for fraud examiners that might not necessarily have as much of a technical background, but are curious to do threat intel?

Roderick: Absolutely. Fraud examiners, when they're curious, just the first step, they're curious about cyber security, about IT. I like to encourage those rotational assignment, having a fraud examiner go to the IT department and just dedicate to work with them two to three weeks, learn IT, have them show them the ropes. Likewise, IT gets to go to fraud examiners as well too. Those that have the aptitude, have a desire, the curiosity, go to that unit and work two to three weeks. The cross-pollination of those work, those business units, will really help develop both sides on for fraud examiners and cyber security.

A lot of times it's do-it-yourself videos. You've seen it before, YouTube, your Google searches, and so forth. You learn a lot just by the instructions that are out there. It's funny when I tell people before, though threat actors aren't geniuses that come up with this on their own, sometimes there's basic tutorials and instructions on the internet. You can just Google search and find out how to do it, but it always starts when I tell the team that I work with and examiners, it's initiating the curiosity. If you're curious about the craft, I'm going to support that and I want to definitely grow that seed of curiosity. I think a lot of both private and public sector has to do is, begin to find those that are curious and then feeding that curiosity. You really can drive up the workforce and that knowledge pool as well.

Mason: Any other ones?

Roderick: Last point is, just continue learning.

Listen to the Full Episode